USD/JPY lower on risk aversion
USD/JPY was chopping around 112.70 early in North American trading but it has spilled lower as sentiment deteriorates in stock markets.
The S&P 500 is down 9 points to 2204.
USD/JPY was hit hard in Asia-Pacific trading after a break of Friday's lows.
Much of this move is give-back from the squeeze higher late last week.
